“I Want To Come Back As The Stock Market. You Can Intimidate Anybody” – When Will David Axelrod Make This Wish? Soon We Hope.
These words are a paraphrase of the famous comment by James Carville, the political adviser to President Clinton. After his inauguration, President Clinton had launched an ambitious agenda and First Lady Hillary Clinton had been charged with reforming the American Health Care system. The Bond Market reacted with the worst sell off in history. The specter of interest rates…